Adjustable Rate Mortgage

Are you a frequent mover? Need a really low monthly payment? An Adjustable Rate Mortgage (ARM) might be your best move.

Also known as a variable rate mortgage, the ARM’s rate stays fixed for a set period of time (3, 5, 7, or 10 years), but then can adjust yearly thereafter, upward or downward, to reflect overall mortgage rates. Maximum increase caps are set in place to protect you from large interest rate swings.


Features

  • Available in 3/1, 5/1, 7/1, and 10/1 year terms
  • Rates are traditonally lower than fixed rate products
  • Variable rate can adjust up or down at the end of the fixed term
  • Rate increases are capped at a pre-set maximum

Compare Rates

Description Rate APR* Points
3.875%
5.110%
0.500
4.000%
4.959%
0.500
4.250%
4.922%
0.500

Rates as of 12/16/18. *APR = Annual Percentage Rate. Rates subject to change. Your rate may be different depending on your credit profile and home value. All above captioned APR’S reflect a minimum of 5% down payment. Other mortgage programs available, please contact a loan officer at 1-844-754-6280, option 1 for details.


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